03-10-2022, 03:48 PM
$200M of Shorts Liquidated in 24 hours as Bitcoin and Ethereum Rise 8%!
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/tabaxy/200m_of_shorts_liquidated_in_24_hours_as_bitcoin/"> <img src="https://b.thumbs.redditmedia.com/wsjq9MOM9W8l-frC34G3gdE-FLqKq_9b3h2niA27-Yc.jpg" alt="$200M of Shorts Liquidated in 24 hours as Bitcoin and Ethereum Rise 8%!" title="$200M of Shorts Liquidated in 24 hours as Bitcoin and Ethereum Rise 8%!" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>More than $95 million worth of short positions were liquidated in the past 12 hours as the crypto market rebounded from Tuesday’s support levels.</p> <ul> <li>Almost 88% of traders betting against an increase in crypto prices booked losses as exchanges closed leveraged positions due to a partial or total evaporation of the trader’s initial margin, data from analytics tool Coinglass show.</li> <li>Crypto exchange OKX saw $44 million worth of short losses, the most among all crypto exchanges, followed by $22 million on Binance and $11 million on Bybit, data show.</li> <li>Some $47.45 million of bitcoin (BTC) futures were liquidated in the past 12 hours, the most among major cryptocurrencies. Ether (ETH) futures had $22 million in losses, followed by LUNA with $12 million. <a href="https://www.coindesk.com/markets/2022/03/09/95m-of-shorts-liquidated-as-bitcoin-ether-rise-8/">Source</a></li> </ul> <p>​</p> <p>And a total of $200M were rekt last 24 hours</p> <p><a href="https://preview.redd.it/0cjij66jtdm81.png?width=1282&format=png&auto=webp&s=8ddd336cbfd4b90004374d0bd40a6b1fea54a60c">$200M gone in less than 24 hours</a></p> <p>​</p> <p><a href="https://preview.redd.it/awkbwwfqudm81.png?width=1515&format=png&auto=webp&s=dd42360e63553c4e564562e39d67a46de6befa2f">And these are the most liquidated cryptocurrency exchanges</a></p> <p><a href="https://www.coinglass.com/LiquidationData">Source</a></p> <p>The lesson for today is, don't ever use leverage if you can't take the risk that is coming for you and always invest what you can afford to lose</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Underrated321"> /u/Underrated321 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tabaxy/200m_of_shorts_liquidated_in_24_hours_as_bitcoin/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tabaxy/200m_of_shorts_liquidated_in_24_hours_as_bitcoin/">[comments]</a></span> </td></tr></table>Kind Regards R
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/tabaxy/200m_of_shorts_liquidated_in_24_hours_as_bitcoin/"> <img src="https://b.thumbs.redditmedia.com/wsjq9MOM9W8l-frC34G3gdE-FLqKq_9b3h2niA27-Yc.jpg" alt="$200M of Shorts Liquidated in 24 hours as Bitcoin and Ethereum Rise 8%!" title="$200M of Shorts Liquidated in 24 hours as Bitcoin and Ethereum Rise 8%!" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>More than $95 million worth of short positions were liquidated in the past 12 hours as the crypto market rebounded from Tuesday’s support levels.</p> <ul> <li>Almost 88% of traders betting against an increase in crypto prices booked losses as exchanges closed leveraged positions due to a partial or total evaporation of the trader’s initial margin, data from analytics tool Coinglass show.</li> <li>Crypto exchange OKX saw $44 million worth of short losses, the most among all crypto exchanges, followed by $22 million on Binance and $11 million on Bybit, data show.</li> <li>Some $47.45 million of bitcoin (BTC) futures were liquidated in the past 12 hours, the most among major cryptocurrencies. Ether (ETH) futures had $22 million in losses, followed by LUNA with $12 million. <a href="https://www.coindesk.com/markets/2022/03/09/95m-of-shorts-liquidated-as-bitcoin-ether-rise-8/">Source</a></li> </ul> <p>​</p> <p>And a total of $200M were rekt last 24 hours</p> <p><a href="https://preview.redd.it/0cjij66jtdm81.png?width=1282&format=png&auto=webp&s=8ddd336cbfd4b90004374d0bd40a6b1fea54a60c">$200M gone in less than 24 hours</a></p> <p>​</p> <p><a href="https://preview.redd.it/awkbwwfqudm81.png?width=1515&format=png&auto=webp&s=dd42360e63553c4e564562e39d67a46de6befa2f">And these are the most liquidated cryptocurrency exchanges</a></p> <p><a href="https://www.coinglass.com/LiquidationData">Source</a></p> <p>The lesson for today is, don't ever use leverage if you can't take the risk that is coming for you and always invest what you can afford to lose</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Underrated321"> /u/Underrated321 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tabaxy/200m_of_shorts_liquidated_in_24_hours_as_bitcoin/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tabaxy/200m_of_shorts_liquidated_in_24_hours_as_bitcoin/">[comments]</a></span> </td></tr></table>Kind Regards R